Cryptocurrency & Blockchain - Stablecoins are primarily based on the Ethereum network [1]

Core Viewpoint - Bitcoin-related stocks experienced a widespread decline, reflecting a negative sentiment in the cryptocurrency market as Bitcoin and Ethereum prices fell significantly [1] Group 1: Stock Performance - Strategy (MSTR.US) dropped over 2.6% [1] - Bitmine Immersion Technologies (BMNR.US) fell more than 7% [1] - SharpLink Gaming (SBET.US) decreased by over 5% [1] - Circle (CRCL.US) declined more than 3.5% [1] - Coinbase (COIN.US) saw a drop of over 2.3% [1] Group 2: Cryptocurrency Prices - Bitcoin price fell over 3%, currently at $111,670 [1] - Ethereum price decreased by more than 6.7%, currently at $3,987 [1]

Group 1 - U.S. stock futures are lower, with Dow futures falling more than 350 points [1] - Orion SA expects third-quarter adjusted EBITDA to be around $55 million and full-year adjusted EBITDA in the range of $220-$235 million, leading to an 18.6% drop in shares to $5.56 in pre-market trading [1] Group 2 - ENDRA Life Sciences Inc shares fell 19.4% to $6.54 after a previous 25% increase due to $4.9 million in funding commitments [4] - Canaan Inc shares tumbled 11.8% to $1.34 after a 39% jump, despite a maintained Buy rating and $4 price target from Rosenblatt analyst [4] - DBV Technologies SA shares fell 11.8% to $14.48 after gaining around 10% previously [4] - Nanobiotix SA shares tumbled 10.2% to $27.23 after a previous increase of over 28% [4] - Draganfly Inc shares dipped 9.4% to $12.47 after filing for a mixed shelf of up to $200 million [4] - Bitdeer Technologies Group shares fell 9% to $18.61 after a 15% gain [4] - Diginex Ltd shares fell 9% to $23.40 [4] - HIVE Digital Technologies shares dipped 8.1% to $6.21, despite a maintained Buy rating and $10 price target [4] - Oatly Group AB shares fell 7.8% to $13.29 after a 5% gain [4] - Bit Digital Inc shares declined 7.7% to $3.69 after a previous gain of over 6% [4] - Upexi Inc shares fell 7.7% to $5.98 [4] - Sharplink Gaming Inc shares declined 7.1% to $14.98 after adding 5% previously [4] - Nio Inc shares fell 5% to $6.82, influenced by new port fees affecting US-listed Chinese stocks [4] - Alibaba Group Holding Ltd shares declined 4% to $160.20, also impacted by new port fees [4]

Group 1 - The cryptocurrency sector stocks mostly declined on Thursday, with notable drops in several companies [1] - Strategy (MSTR.US) fell over 2%, SharpLink Gaming (SBET.US) dropped more than 5.6%, and Bitmine Immersion Technologies (BMNR.US) decreased by over 4.6% [1] - Coinbase (COIN.US) experienced a slight decline, while Circle (CRCL.US) saw a modest increase of 0.55% [1]

Core Viewpoint - The cryptocurrency-related stocks continue to decline, reflecting ongoing market pressures and investor sentiment [1] Company Performance - Strategy (MSTR.US) has decreased by 0.8% [1] - Circle (CRCL.US) has dropped over 1.5% [1] - SharpLink Gaming (SBET.US) has fallen by 1.7% [1] - Bitmine Immersion Technologies (BMNR.US) has seen a decline of 1.5% [1]

Core Insights - SharpLink (NASDAQ: SBET) has accumulated a total of 4,723 ETH rewards from its Ethereum staking strategy as of October 6, 2025 [1] - The company earned 451 ETH in rewards over the past week, which includes both liquid and native staking forms [1] - Currently, SharpLink is utilizing its entire ETH treasury for staking and has not made any new ETH purchases or stock buybacks in the past week [1]

Core Viewpoint - The cryptocurrency sector is experiencing a significant rally, with various related stocks showing notable gains following the announcement from CME Group regarding 24/7 cryptocurrency trading starting in 2026 [1] Group 1: Stock Performance - Strategy (MSTR.US) increased by over 3.3% [1] - Coinbase (COIN.US) rose by more than 4.7% [1] - Robinhood (HOOD.US) saw an increase of over 2% [1] - SharpLink Gaming (SBET.US) gained more than 3% [1] - Circle (CRCL.US) also rose by over 4.7% [1] Group 2: Market Announcement - CME Group announced plans to offer 24/7 cryptocurrency trading starting in 2026 [1]

Core Viewpoint - Bitcoin's price surged nearly 3% to over $117,000, while Ethereum rose over 4% to $4,308.8, indicating a strong upward trend in the cryptocurrency market [1] Cryptocurrency Market Performance - Bitcoin increased by nearly 3% to surpass $117,000 [1] - Ethereum experienced a rise of over 4%, reaching $4,308.8 [1] - Cryptocurrency-related stocks also saw significant gains, with Strategy (MSTR.US) up over 6%, MARA Holdings (MARA.US) up over 5%, CleanSpark (CLSK.US) up over 4.9%, Sharplink Gaming (SBET.US) up over 5%, and Coinbase (COIN.US) up over 3% [1] Regulatory Developments - The U.S. Treasury is preparing to officially relax a proposed rule that would impose a 15% tax on unrealized Bitcoin gains held by companies like Strategy under the Corporate Alternative Minimum Tax (CAMT) [1] - The CAMT legislation requires large corporations to pay a minimum tax based on their financial statement income [1] - Current accounting standards require companies to value their cryptocurrency holdings at market value, leading to taxation on unrealized gains even if the assets are not sold [1] - Companies such as Strategy and Coinbase previously communicated with the Treasury, arguing that taxing unrealized gains on digital assets is unfair and could force U.S. companies to sell assets to meet tax obligations, putting them at a competitive disadvantage globally [1]

Company Overview - SharpLink Gaming has transformed from a small sports-betting affiliate platform into a significant Ethereum treasury company in 2023 [1] Key Developments - The transformation began on May 27, when the company announced its strategic shift [1] Investment Strategy - The company focuses on GARP (growth at a reasonable price) stocks while also exploring various investment opportunities [1] - There is no specified time horizon for investments; the company holds stocks as long as the investment thesis remains valid [1] Technology and Analysis - The company has developed market-beating algorithms using Python to identify attractive investment opportunities [1] - The experience in analysis and news writing has enhanced the company's understanding of market trends and investor interests [1]

Core Insights - Ether Treasury firm Sharplink Gaming plans to tokenize its equity, joining the stock tokenization trend [5] - European banks are collaborating to develop a euro-denominated stable coin, expected to launch in the second half of 2026 [7][8] - A joint task force between the US and UK aims to enhance cooperation on crypto regulations [9][10] Company Developments - Sharplink Gaming, chaired by Ethereum co-founder Joe Luben, is partnering with Superstate to tokenize shares on the Ethereum blockchain [6] - Forward Industries plans to tokenize shares on the Solana blockchain, following a $1.5 billion deal to launch its Solana treasury [4][5] - Shares of both Sharplink and Forward Industries experienced declines, with Sharplink down over 5% and Forward Industries down more than 9% [5][6] Industry Trends - The crypto market is experiencing a downturn, with Bitcoin dropping to $111,000 and Ether falling nearly 4% to $4,000 [1][2] - The Genius Act, which regulates stable coins, has created a more favorable environment for crypto companies [17][19] - The collaboration between US and UK financial authorities is seen as a significant step towards unified digital asset regulation [12][16] Regulatory Landscape - The new transatlantic task force will explore collaboration on digital assets as regulatory frameworks evolve [10][14] - The task force is expected to report within 180 days and will seek input from industry experts [14] - Recent advancements in US crypto regulation include the signing of the Genius Act, which has provided clarity for companies in the space [17][19]